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Property profile & analytics
OFF-MARKET
Retail residential properties
1916 Ocean Shr Blvd Flagler Beach, FL 32136-3906
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4010426
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1979
Construction
WOOD
Total area
4,416 SF
Lot
0.27 ac (11,587 SF)
Zoning code
TC
APN
18-12-32-2750-00200-0040
UPID
US18-4010426
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Huynh Nghe · 4 yrs held
Huynh Nghe
since 2021
Last sale
$450,000
7 recorded transactions
Zoning & alternative use
TC · Flagler Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The provisions of this district are to provide for uses to serve tourist needs in the community. The primary uses are intended for commercial uses for lodging, dining establishments, and minor retail establishments which primarily serve tourists and other visitors to the city
Zone name
Tourist Commercial
General category
COMMERCIAL
Zone area
28.90 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Flagler Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Flagler Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$17,396
Tax year 2023
Assessed value
$882,154
Assessed 2023
Previous assessed
$882,154
+0.0% YoY
Effective rate
1.97%
On assessed value
Assessed land
$706,990
Assessed improvement
$175,164
Land market value
$706,990
Improvement market value
$175,164
Total market value
$882,154
Applied tax rate
21.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1979
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
4,416 SF
Lot
0.27 ac (11,587 SF)
Zoning code
TC
APN
18-12-32-2750-00200-0040
UPID
US18-4010426
Jurisdiction
FLAGLER
Zoning & alternative use
TC · Flagler Beach, FLZoning TC · permitted uses
TC · Flagler Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The provisions of this district are to provide for uses to serve tourist needs in the community. The primary uses are intended for commercial uses for lodging, dining establishments, and minor retail establishments which primarily serve tourists and other visitors to the city
Zone name
Tourist Commercial
General category
COMMERCIAL
Zone area
28.90 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1979
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Huynh Nghe
Individual
Mailing address
7231 SE OVERLAND ST, MILWAUKIE, OR 97222-1864
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2021
$450,000
Huynh Nghe
Lidia Shibanov
Warranty Deed
$350,000 · Lidia Shibanov Etux
Oct 4, 2021
—
Lidia Shibanov
1916 Ocean Shore LLC
Quit Claim Deed
related
—
Mar 26, 2007
—
1916 Ocean Shore LLC
Shibanov,vasily & Lidia
Quit Claim Deed
related
—
Jan 30, 2007
—
Vasily Shibanov
Albert,jill
Quit Claim Deed
related
—
Dec 5, 2005
$1,250,000
Jill Albert
Shibanov,vasily & Lidia
Warranty Deed
$1,100,000 · Vasily & Lidia Shibanov
Nov 6, 2003
$600,000
Vasily Seibanov
Hanchar,donald & Leigh
Grant Deed
$350,000 · Putnam State Bank
Dec 31, 1996
$160,000
Dondld Hanchar
Jones,james E & Jane
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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